
CHICAGO, Nov 6 (Reuters) - Spot basis bids for U.S. corn and soybeans were flat to lower at Midwestern grain elevators and river terminals on Thursday following recent farmer selling, brokers said.
Some farmers have made sales to take advantage of recent price rallies so that they can pay bills, a broker said.
On Wednesday, soybean futures Sv1 reached their highest level since June 2024 on the Chicago Board of Trade. CBOT corn Cv1 last week set its highest price since July.
Soy and corn futures eased on Thursday.GRA/
The U.S. Department of Agriculture is collecting survey-based data for its upcoming crop production report scheduled for release on November 14, an official with the agency's statistical arm said, despite the ongoing U.S. government shutdown.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS |
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| CORN |
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| SOYBEANS |
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CINCINNATI OH | +4 | + | Z | DN 2 |
| +5 | + | X | DN 3 |
BURNS HARBOR IN | UNQ |
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DECATUR IN | UNQ |
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DES MOINES IA |
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LINCOLN NE | -47 | + | Z | UNC |
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PROCESSORS |
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| CORN |
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| SOYBEANS |
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DECATUR IL | -5 | + | Z | UNC |
| +0 | + | F | UNC |
DECATUR IN |
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| -10 | + | F | UNC |
MORRISTOWN IN |
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| +0 | + | F | UNC |
LAFAYETTE IN |
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| -10 | + | F | UNC |
CEDAR RAPIDS IA | -26 | + | Z | UNC |
| -25 | + | F | UNC |
COUNCIL BLUFFS IA |
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| -50 | + | F | UNC |
LINCOLN NE |
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| -45 | + | F | UNC |
BLAIR NE | -27 | + | Z | UNC |
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RIVER TERMINALS |
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| CORN |
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| SOYBEANS |
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TOLEDO OH | -20 | + | Z | UNC |
| -35 | + | F | UNC |
SENECA IL | -15 | + | Z | UNC |
| -20 | + | F | UNC |
SAVANNA IL | -39 | + | Z | UNC |
| -66 | + | X | UNC |
DAVENPORT IA | -24 | + | Z | DN 5 |
| -47 | + | F | DN 5 |
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ETHANOL PLANTS |
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LINDEN IN | -12 | + | Z | UNC |
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UNION CITY IN | -2 | + | Z | UP 3 |
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ANNAWAN IL | -15 | + | Z | UNC |
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COUNCIL BLUFFS IA | -24 | + | Z | UNC |
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SRW WHEAT |
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TOLEDO OH | -35 | + | Z | UNC |
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CINCINNATI OH | UNQ |
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| UNC |
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DECATUR IN | UNQ |
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BURNS HARBOR IN | UNQ |
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NOTE: 0 = Option price, UNC = Unchanged, UNQ = Unquoted
NC = Not comparable, DP = Delayed price, N/A = Not available,
F = January, H = March, K = May, N = July, Q = August, U = September, X = November, Z = December
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LINKS: 0#USCSHGRN-PM
For U.S. forward basis spreadsheets, please click:
CORN/BASIS, SOYA/BASIS, WHEAT/BASIS, MILO/BASIS
- CBOT corn report COR/
- CBOT soybean report SOY/C
- CBOT wheat report WHE/C
- U.S. grain barge freight values BG/US
- U.S. Midwest cash grain PM GRA/PM
- U.S. CIF/FOB Gulf Grain GRA/F